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Rumors have surfaced that the successor to the Ferrari 599 GTB will be revealed to the world on the 22nd February, it follows a dealer & client presentation that will occur one day before.

Additionally, a couple of pictures have surfaced that have drawn our attention. The first (see more photos on the left) is a picture of what appears to be the bare back end has surfaced with most intel pointing towards it being a prototype of the unreleased model. The second which you can see above is an unofficial sketch which was posted by Teamspeed that they say is a pretty accurate depiction.

As for the name, reports have stated it will be called the Ferrari 620 GT although the only confirmation we have had from Maranello is that it will be powered by a V12 engine. The engine in question is believed to be a 6.3-liter V12 engine with approximately 710 PS (522 kW / 700 hp) that will be mated with seven-speed dual-clutch transmission. This power will be passed solely to the rear wheels using a electronically locking rear differential.

Hopefully the rumors turn out to be true and we'll see full details within the next few days.

Why is Ferrari behaving like the asian manufacturers and replacing models quite often? The 599 is still a great looking car and so is the 430. They need to take a lesson from Lamborghini who run their models well close to a decade..

I think that is NOT quite often. Foe example, the F430 was unveiled in 2005, and four years later the 458 was born. F430 is a evolution version behind the F360 which came out at 1999, but not a brand-new model. That means every ten years a revolution model, every five or four years a evolution new product. Ten years....mmm, It's a long time for me to wait..

When u refer to asian manufs im talking of toyotas nd the likes who roll out a new model every 4-5 years. And btw The 430 is NOT an update to the 360. It's a complete departure and acc to you a revolution. My point is that Some machines tht look good shoule be allowed to breathe. Lamborghini has just 2 models at a time in their stable and they keep em for atleast a decade with mid cycle refreshes in bw. And I honestly prefer the 430 over the 458 which I consider a mess in design and I really hope the '620' doesn't look like it.

There are many reasons but in this case there are two primary driving factors. Firstly to keep their vehicles close to the cutting edge. Vehicle advancements are relentless and Ferrari need to keep incorporating them into their vehicles. Not all of these advancements are able to be integrated in existing vehicles/platforms. It is very unlikely that the 599 platform would have accepted this new drivetrain happily. Secondly (and tied to the first), it is to keep people buying new Ferrari's. If they just updated the model a little bit then people are less inclined to purchase the vehicle than they would be a new model. Other reasons include manufacturing capabilities/advancements, emmissions requirements, safety standards, changing market conditions, and economics of manufacturing. Don't forget, Ferrari don't have the size of the Audi/VW group's range to leverage their technologies against, so are more able to make wholesale changes when required.